FX Blue apps

Free apps provided by FX Blue for traders and software developers, including our hugely popular Personal Trade Copier and Trading Simulator.

The FX Blue Trading Simulator converts the MetaTrader 4 strategy tester into a tool for practising manual trading using historic data. You can use the Simulator to test how well you would have fared under particular historic market conditions - and/or to check how well your favourite indicators would have guided you in the past.

The Simulator lets you place market and pending orders, set trailing stops, alter the s/l and t/p on orders by clicking on the chart, save complex order definitions as templates, quickly close all open orders, plus many more features which are not available as standard in MetaTrader 4.

This v3 of the Simulator has a range of extra features:

The results of a simulation can be published to the FX Blue website, giving you access to the full FX Blue reporting and analysis functionality.

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The Personal Trade Copier duplicates orders between two (or more) instances of MetaTrader 4 running on the same computer. It is trusted by tens of thousands of traders all over the world, and is even used by brokers to offset risk and liquidity from one server to another.

Communication between the copies of MT4 is almost instant. The speed of trade placement, and any slippage, will depend almost entirely on the latency to your broker and the quality of their trade execution.

Latest version is v7.20 - change list

The trade copier has a wide range of features. These are covered in greater detail in the user guide:

  • Adjust lot sizes, including risk-based adjustment based on the relative equity of the two accounts
  • Adjust the s/l and t/p
  • Only copy orders for specific symbols
  • Only copy orders with specific magic numbers
  • Copies both manual and automated trading activity
  • Send email alerts on trading activity
  • Uses a single magic number for all orders, allowing analysis of results by EA
  • Automatically adjusts between different broker symbols names such as EURUSD and EURUSDcx
  • Automatically adjusts between brokers who use 2/3DP and 4/5DP pricing
  • Automatically adjusts to market execution (where brokers require the s/l and t/p to be placed separately from a market order)
  • Invert original trade direction
  • Daily trading hours during which the copier is allowed to trade
  • Handles partial closes

The sending copy of MT4 does not need the ability to place trades. It can be logged in using the read-only MT4 "investor" password.

The trade copier is based on our QuickChannel library, providing sub-millisecond data transfer between copies of MT4.

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